Red Metal Resources Ltd. (TSE:RMES) has released an update.
Red Metal Resources Ltd. successfully closed the first tranche of a private placement offering on June 19, 2024, issuing 1.2 million common shares at $0.05 each, raising $60,000, with plans to close a second tranche soon. Additionally, the company settled over $629,000 in debt by issuing roughly 12.6 million common shares at the same price. These moves are aimed to bolster the company’s working capital and overall financial position.
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